Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Analysts have given Taylor Morrison Home Corporation a consensus recommendation of "Buy", with an average target price of $76.8750.
• In the latest earnings report, Taylor Morrison Home exceeded analyst expectations with earnings of $2.02 per share, up 2.0% in quarterly revenue year-over-year, totaling $2.03 billion.
• Insider selling has occurred recently, with CFO Curtis Vanhyfte and CEO Sheryl Palmer reducing their holdings, indicating potential concerns or strategic repositioning amongst executives.

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have earned an average recommendation of "Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $76.8750.

Several analysts have recently weighed in on TMHC shares. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd.

Taylor Morrison Home Stock Up 2.1%

Shares of NYSE TMHC opened at $71.18 on Friday. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $65.54 and a 200-day moving average of $61.16. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 8.22 and a beta of 1.58. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $1.86 earnings per share. Taylor Morrison Home's quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the transaction, the chief financial officer directly owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares of the company's stock, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,349 shares of company stock valued at $3,720,490 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp purchased a new stake in Taylor Morrison Home during the second quarter valued at about $28,000. AlphaCore Capital LLC purchased a new stake in Taylor Morrison Home during the 2nd quarter valued at about $37,000. GAMMA Investing LLC grew its position in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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